GOVT. VOTES DOWN LABOUR AMENDMENTS ON BANKERS’ SALARIES & PENSION LEVY REFORM
12 March 2009
The Labour Party has in recent weeks tabled a series of constructive amendments to key legislation such as on the Pension Levy and the use of the National Pension Fund to bail-out Bank of Ireland & AIB. Eschewing this constructive engagement, the Government voted down all amendments including limits on bankers’ salaries and enhancing the … Continue reading Govt. Votes Down Labour Amendments on Bankers’ Salaries & Pension Levy Reform
BOI APPOINTMENT SIGNALS ‘BUSINESS AS USUAL’ IN IRISH BANKING
25 February 2009
At a time when the need for a fresh start in Irish banking is never more urgent, the decision of the Bank of Ireland to appoint an internal candidate to replace Mr. Brian Goggins as Chief Executive as chief executive is most disappointing. I am not in any way casting any aspersions on Mr. Boucher’s … Continue reading BOI Appointment Signals ‘Business As Usual’ in Irish Banking
GOVT. MUST COME CLEAN ON ‘TOXIC TEN’
25 February 2009
Deputy Burton spoke in the Dáil week on a private members motion on bank reform. Regarding the toxic ten – the golden circle of the ten people whose names we are not permitted to know – from the various reports over the weekend we know they had loans of €450 million and were given a … Continue reading Govt. Must Come Clean on ‘Toxic Ten’
MANAGING CONSUMER DEBT MOUNTAIN A REAL CHALLENGE
24 February 2009
Deputy Burton, speaking at the AGM of the Credit Union Managers’ Association in Tullamore, addressed the issue of mounting consumer debt and the difficulties people are having in meeting repayments as wages fall and unemployment rises. She suggested some ways in which this could be addressed. If we are to take the first steps towards … Continue reading Managing Consumer Debt Mountain a Real Challenge
LABOUR TO TABLE AMEDNMENT ON ANGLO SHARE LOSS TAX WRITE-OFFS
23 February 2009
According to research that I have carried out and to reports in newspapers today, people who lost money on Anglo Irish share will be able to offset their losses against their tax bill over the coming years. Taxpayers will be understandably outraged to discover that under Irish tax law, it is very likely that the … Continue reading Labour to Table Amednment on Anglo Share Loss Tax Write-Offs
MINISTER FOR FINANCE IN DENIAL OVER ANGLO
20 February 2009
The assertion by the Minister for Finance that the publication of the Anglo Report “concludes a regrettable chapter in the history of Anglo Irish Bank” suggests that the Minister is still in denial about the total failure of governance, regulation and supervision of the third largest bank in the country. He’s talking about closing a … Continue reading Minister for Finance in Denial Over Anglo
GOV RECAP PLAN MISSED CHANCE TO DELIVER REAL BANK REFORM
12 February 2009
The government’s recapitalisation plan announced tonight represents a missed opportunity to deliver the comprehensive reform of the banking system required to ensure that we never again have to face the sort of financial crisis we have seen over the past six months On virtually all the crucial issues it appears that, yet again, the banks … Continue reading Gov recap plan missed chance to deliver real bank reform
SR TECHNICS JOB LOSSES CUT DEEP ACROSS NORTH & WEST DUBLIN
12 February 2009
The news that SR Technics is to close with the loss of 1200 permanent jobs is a shocking blow to the workers involved and their families. Many of the people affected live in the areas of Swords and Blanchardstown in my own Dublin West constituency. We need the Government to take urgent action by setting … Continue reading SR Technics Job Losses Cut Deep Across North & West Dublin
ANGLO INSPECTOR NEEDED MORE THAN EVER AFTER NEW REVELATIONS
11 February 2009
Startling new revelations imply that Anglo Irish Bank may have sought to misrepresent its financial strength through the deposit of billions of euro by Irish Life & Permanent into Anglo before the end of its financial year. It is now more urgent than ever that the Government accede to the Labour Party’s demand for a … Continue reading Anglo Inspector Needed More Than Ever After New Revelations
LABOUR’S 8 KEY PRINCIPLES FOR BANK REFORM & RE-CAPITALISATION
10 February 2009
“The Labour Party is today setting out eight key principles that it says must apply to the bank recapitalisation programme that the government is expected to announce this week. “The Labour Party document, ‘A Clean Break from Business as Usual’, outlines a series of proposals that would not only provide for recapitalisation of the banks … Continue reading Labour’s 8 Key Principles for Bank Reform & Re-capitalisation